Mexico | Mixed picture in August job creation

Summary

The Mexican Institute of Social Security (IMSS) reported that 92.4 thousand formal jobs were created in August, equivalent to 8.3% of the 1.1 million jobs lost from March to July. The weak recovery in employment could not stop the deterioration of the labor market in a generalized way.

Key points

• Key points:
• Seven out of ten jobs lost from March to July were permanent
• The destruction of employment continued in seven states, highlights the CDMX with 195 thousand jobs lost since March
• The construction sector continues with a deficit of more than 100 thousand jobs
• Tourism Services accumulated 327 thousand lost jobs in August, the loss of formal jobs has not reached a bottom yet

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